HACK (HACK) news

Initia (INIT): Building the Future of Blockchain with Interwoven Rollups

What is Initia (INIT)? Initia (INIT) is a Layer 1 blockchain built on the Cosmos SDK, offering a modular framework that enables developers to create customizable rollups. These rollups are specialized blockchains tailored to specific applications, providing enhanced scalability and performance. By abstracting away the complexities of traditional blockchain development, Initia empowers developers to focus on building innovative solutions without the need to manage underlying infrastructure. Initia aims to address the challenges of scalability and fragmentation in the multichain environment by providing a seamless and efficient infrastructure for developers and users alike. Who Created Initia (INIT)? Initia was founded by Ezaan “Zon” Mangalji and Stan Liu, both of whom have extensive experience in the blockchain industry. The duo previously worked together at Terraform Labs and later collaborated on a Cosmos-based DeFi blockchain project. Following the collapse of Luna, they shifted their focus to developing Initia, bringing together a team of developers with backgrounds in Cosmos and other prominent blockchain ecosystems. What VCs Back Initia (INIT)? Initia has attracted significant attention from venture capital firms, securing substantial funding to support its development. ● Pre-Seed Investment: In October 2023, Binance Labs, the venture capital and incubation arm of Binance, made a strategic pre-seed investment in Initia. ● Seed Round: In February 2024, Initia raised $7.5 million in a seed funding round co-led by Delphi Ventures and Hack VC. Other participants included Nascent, Figment Capital, Big Brain Holdings, and A. Capital Ventures. Angel investors such as Cobie, DCF GOD, Zaheer Ebtikar, Nick White of Celestia, and Smokey the Bera also contributed. ● Series A Round: Later in 2024, Initia completed a $14 million Series A funding round, bringing its total funding to $22.5 million. This round valued the INIT token at $350 million, underscoring the confidence investors have in Initia's vision and potential. How Initia (INIT) Works At its core, Initia operates as a Layer 1 blockchain that coordinates multiple Layer 2 rollups, each tailored to specific applications. The platform's unique architecture allows for the deployment of customizable rollups, known as "Minitias," which can be tailored to specific application needs. This flexibility enables developers to build and operate blockchain applications more efficiently, fostering innovation and broader adoption. The Interwoven Stack At the heart of Initia's architecture is the Interwoven Stack, a modular framework that supports the deployment of interwoven rollups. This stack combines elements from Optimism's OP Stack with Cosmos' Inter-Blockchain Communication (IBC) protocol, resulting in a VM-agnostic optimistic rollup framework tailored for Initia's ecosystem. This design allows for enhanced scalability and sovereignty, as each Minitia can independently manage its execution environment while maintaining interoperability with other rollups and the broader blockchain network. Enshrined Liquidity Enshrined Liquidity is a unique feature of Initia that enables liquidity providers to stake their assets while simultaneously participating in the network's security and earning rewards. Through the InitiaDEX, a decentralized exchange built on Initia's Layer 1, liquidity pairs that include the native INIT token can be whitelisted for staking. This mechanism eliminates the need for users to choose between staking and providing liquidity, allowing them to earn both staking rewards and trading fees from a single position, thereby improving capital efficiency. Vested Interest Program (VIP) The Vested Interest Program (VIP) is Initia's native incentive system designed to reward users who actively contribute value to the ecosystem. This program targets long-term alignment by offering rewards to builders, liquidity providers, and users who participate in governance and other network activities. By integrating VIP with Enshrined Liquidity, Initia ensures that participants who support the network's infrastructure are incentivized, fostering a robust and sustainable ecosystem. INIT Goes Live on Bitget Initia represents a significant advancement in blockchain development, offering a modular and scalable platform that simplifies the creation of decentralized applications. With strong investor support and a developer-centric approach, Initia is set to empower the next generation of blockchain innovators. For developers seeking a seamless entry into the world of decentralized applications, Initia provides a comprehensive, user-friendly solution. And for those looking to be part of this exciting journey, trading INIT, Initia's native token, on platforms like Bitget offers a unique opportunity to participate in the growth of a cutting-edge blockchain ecosystem. As Initia continues to gain traction in the Web3 space, investing in INIT could be an advantageous step for those eager to join a rapidly evolving, game-changing project. INIT on Bitget Pre-Market INIT is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 17 April, 2025 To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. For detailed instructions on how to use Bitget Pre-Market, please read Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading. Get INIT on Bitget Pre-Market now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Babylon (BABY): Unlocking Bitcoin's Potential in the Proof-of-Stake Ecosystem

What is Babylon (BABY)? Babylon (BABY) is a decentralized protocol designed to enable native Bitcoin staking directly on the Bitcoin blockchain without intermediaries. It does this through a unique architecture that uses Bitcoin scripts, custom-built modules, and a connection to a secondary blockchain called Babylon Genesis. It introduces a novel shared-security architecture that extends Bitcoin's robust security model to the broader decentralized ecosystem. By allowing BTC holders to participate in staking operations while maintaining their assets on the Bitcoin network, Babylon provides verifiable security guarantees to other networks that are parts of the Bitcoin Secured Networks (BSNs). With Babylon, users don’t have to give up control of their Bitcoin. They keep it in their own wallets, and the protocol ensures their BTC is being used in a secure and trustless manner. Who Created Babylon (BABY)? Founded in 2022, Babylon was established by Stanford Professor David Tse and Dr. Fisher Yu. ● Professor Tse is renowned for his contributions to engineering and has received prestigious awards such as the IEEE Claude E. Shannon Award and the IEEE Richard W. Hamming Medal. ● Dr. Yu is a blockchain security expert and tech entrepreneur, known for his impactful work in blockchain scaling and data availability. Together, they lead a team of consensus protocol researchers and experienced layer 1 engineers from around the world What VCs Back Babylon (BABY)? Babylon has attracted significant attention from the venture capital community. In December 2023, the protocol raised $18 million in a Series A funding round co-led by Polychain Capital and Hack VC. Other participants included Framework Ventures, Polygon Ventures, Castle Island Ventures, OKX Ventures, and Symbolic Capital. In May 2024, Babylon secured an additional $70 million in funding led by Paradigm, with participation from Bullish Capital, Polychain Capital, Hashkey Capital, Mantle, Galaxy, Hack VC, and others. These investments underscore the confidence that prominent venture capital firms have in Babylon's vision and potential. How Babylon (BABY) Works Babylon's protocol allows Bitcoin holders to stake their assets on PoS blockchains without the need for wrapping or bridging, thereby maintaining the integrity and security of their BTC holdings. The process involves several key components: 1. Staking Bitcoin: BTC holders initiate staking by sending a transaction that locks their Bitcoin in a self-custodial vault. This setup ensures that the assets remain under the staker's control without reliance on third parties. 2. Validation on PoS Chains: ● Once the staking transaction is confirmed, the staker, or a delegated validator, can begin validating transactions on the PoS chain. It’s worth noting that stakers can delegate their voting power to validators who participate in the consensus process of other PoS chains. This delegation involves only the voting power; the actual BTC remains securely locked in the staker's vault. ● To synchronize PoS chains with the Bitcoin network, Babylon utilizes Bitcoin's timestamping feature. This process involves embedding snapshots of the PoS chain's state onto the Bitcoin blockchain, creating an immutable record that enhances security. It also facilitates faster unbonding periods, allowing stakers to withdraw their BTC more quickly compared to traditional PoS systems. ● Honest participation earns benefits, while malicious behavior, such as double-signing, can lead to penalties. 3. Security Mechanisms: Babylon employs Extractable One-Time Signatures (EOTS) and a covenant committee to enable slashing mechanism, which means that a portion of the staked BTC will be forfeited. If malicious behavior is detected, the protocol can enforce penalties, ensuring the integrity of the network. 4. Unstaking: To unstake, they can either wait for a predetermined time-lock to expire or submit an unbonding transaction, after which their BTC is unlocked and returned. This design ensures that stakers have a clear and secure path to retrieve their assets. BABY Goes Live on Bitget Babylon represents a major leap forward for both Bitcoin and the broader blockchain world. By enabling native Bitcoin staking to be used for enhancing the security of PoS chains, Babylon unlocks powerful new possibilities. Bitcoin holders can now earn incentives without giving up control of their assets, while PoS networks gain the benefit of Bitcoin’s unmatched security and liquidity. This trustless, decentralized model strengthens the entire Web3 ecosystem. With a solid foundation led by respected academics and backed by strong technical architecture, Babylon is well-positioned to become a critical part of the next generation of blockchain infrastructure. As the Babylon network grows, its native token, BABY, plays a central role in governance, transactions, and securing the ecosystem. For those interested in supporting the protocol or participating in its growth, BABY is now available for trading on Bitget. Take this chance to be part of a protocol that's redefining what Bitcoin can do. BABY on Bitget Pre-Market BABY is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 3 April, 2025 To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. For detailed instructions on how to use Bitget Pre-Market, please read Introducing Bitget Pre-Market: Your Gateway to Early Coin Trading Get BABY on Bitget Pre-Market now! BABY on Bitget Spot We are thrilled to announce that Babylon (BABY) will be listed in the Innovation and DeFi Zone. Check out the details below: Deposit Available: Opened Trading Available: 10 April 2025, 10:00 (UTC) Withdrawal Available: 11 April 2025, 11:00 (UTC) Spot Trading Link: BABY/USDT Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

What Is a Central Bank Digital Currency (CBDC)?

Imagine a world where the cash in your pocket no longer exists in physical form but as a secure, digital currency that you can access anytime, anywhere, with just a smartphone or computer. This future is closer than you might think, as Central Bank Digital Currencies (CBDCs) are gaining momentum around the globe. As of now, over 130 countries—representing more than 95% of the global GDP—are exploring or piloting CBDCs, signaling a revolutionary shift in the way we think about money. But what exactly are CBDCs, and how will they change our financial systems, daily transactions, and even the role of traditional banks? This article explores what CBDCs are, how they work, the potential benefits they offer, the challenges they pose, and how they are shaping the future of money. What Is Fiat Money and Why Is It Important for CBDCs? To fully understand CBDCs, it’s important to first grasp the concept of fiat money. Fiat money refers to a currency that has no intrinsic value but is deemed valuable because a government declares it to be legal tender. Unlike commodities like gold or silver, which have inherent value, fiat money gets its worth from the stability and authority of the government behind it. The U.S. dollar, the euro, and the British pound are all examples of fiat money, and they are universally accepted as a means of payment. CBDCs are digital versions of this same fiat money, but with a crucial difference: while physical cash is becoming less popular, digital currencies are taking over as the preferred mode of payment. Central banks are exploring CBDCs to create digital currencies that will continue to carry the same legal weight as paper money but in a more modern, efficient format. CBDCs aim to offer the same level of trust, stability, and security that fiat currencies have, while providing the convenience of a digital, faster, and more secure payment system. What Is a Central Bank Digital Currency (CBDC)? A Central Bank Digital Currency, or CBDC, is a digital form of a nation's official currency issued and regulated by the central bank. Unlike cryptocurrencies such as Bitcoin, which operate independently on decentralized networks using blockchain technolog, CBDCs are centralized and are fully backed by the authority and trust of the central bank. This makes them legal tender, meaning they must be accepted for payment for all debts and financial obligations within a country. CBDCs are designed to work within the existing financial system, and their primary purpose is to make digital payments safer, faster, and more efficient. While physical cash remains essential in many parts of the world, digital payments are growing at an exponential rate. In fact, global mobile payments are projected to surpass $26.53 trillion by 2032. As cash usage declines, the need for a reliable and secure digital currency backed by the government has become more pressing. CBDCs are the answer to this growing demand for digital currency solutions. Types of CBDCs There are two main types of CBDCs: retail CBDCs and wholesale CBDCs. Both types aim to modernize payment systems, but they serve different purposes and target different users. Retail CBDCs Retail CBDCs are digital currencies designed for use by the general public, including consumers and businesses. These digital currencies function like cash but in digital form. They are intended to be used for everyday transactions, such as paying for goods and services, transferring money between individuals, or making online purchases. Retail CBDCs can be accessed through digital wallets or mobile apps linked to an individual’s bank account. Retail CBDCs can be further divided into two types: Account-Based Retail CBDCs: In this system, users hold accounts directly with the central bank or through authorized intermediaries, such as commercial banks. Transactions are recorded in centralized databases, and access to the currency is secured by personal identification methods. This model allows central banks to monitor transactions more closely and ensure compliance with regulatory standards, but it may raise concerns about privacy and data security. Token-Based Retail CBDCs: In this model, users hold digital tokens that represent units of the currency. These tokens can be transferred peer-to-peer, much like physical cash, and transactions are designed to be anonymous and decentralized. Token-based CBDCs aim to offer the privacy of cash transactions while retaining the security of digital payments. Wholesale CBDCs Wholesale CBDCs are digital currencies designed primarily for financial institutions, such as commercial banks and payment processors. These currencies facilitate large-value transactions and improve the efficiency of interbank payments and settlements. Wholesale CBDCs are primarily used by financial entities to conduct large-scale transactions more securely, reducing settlement times and lowering transaction costs, especially for cross-border payments. While wholesale CBDCs won’t be used by the general public, they are critical in improving the overall efficiency of the financial system. They help streamline processes and enable faster and more secure transactions between financial institutions. How CBDCs Work CBDCs are not simply digital versions of cash; they are designed to offer a range of benefits and features that set them apart from traditional currencies. Centralized Control The most defining feature of a CBDC is that it is centralized. This means that the central bank or government has complete control over the issuance, distribution, and regulation of the currency. In contrast, cryptocurrencies like Bitcoin are decentralized, meaning they are not controlled by any central authority. Centralized control ensures that CBDCs can be integrated into existing monetary systems and allow for the implementation of monetary policies. Digital Nature CBDCs exist only in digital form, meaning they do not have a physical counterpart like banknotes or coins. This makes them easier to use and transfer, particularly in a world that is increasingly reliant on digital payments. As digital assets, CBDCs can be easily stored in digital wallets and transferred electronically between individuals, businesses, and institutions. The digital nature of CBDCs also allows for faster and more efficient transactions, which is particularly important in the context of an increasingly globalized and interconnected economy. Legal Tender Status CBDCs are considered legal tender, which means they are recognized by law as an official form of payment. This gives them the same status as physical currency, meaning they can be used to settle debts and financial obligations within a country. While cryptocurrencies are not recognized as legal tender in most countries, CBDCs would have the force of law behind them, making them universally accepted within the national economy. Security and Privacy Security is a key feature of CBDCs. Central banks and governments are keen to ensure that CBDCs are secure from fraud, hacking, and other cyber threats. Advanced cryptographic techniques are used to protect CBDC transactions, ensuring that they are tamper-proof and traceable. However, privacy is a key consideration as well. While CBDCs offer greater security than physical currency, the degree of privacy they afford users may vary depending on the type of CBDC and the regulatory framework governing it. The Benefits of CBDCs Improved Payment Efficiency CBDCs could make payment systems more efficient by reducing transaction costs and settlement times. Unlike traditional payment methods, which require intermediaries such as banks or payment processors, CBDCs would allow for direct transactions between users and central banks, eliminating these intermediaries and speeding up the payment process. Financial Inclusion CBDCs have the potential to improve financial inclusion by providing digital access to money for people who are unbanked or underbanked. According to the World Bank, approximately 1.4 billion adults globally do not have access to a bank account. By offering a digital alternative to cash, CBDCs can provide people with a safe, secure, and easily accessible means of participating in the financial system. Enhanced Monetary Policy CBDCs provide central banks with new tools for implementing monetary policy. By having a digital currency that can be directly monitored and regulated, central banks can more easily control the money supply, manage inflation, and implement measures such as negative interest rates or direct stimulus payments. Reduced Risk of Financial Crimes Since CBDC transactions are traceable and recorded on secure digital ledgers, they could help reduce the risk of money laundering, tax evasion, and other financial crimes. Governments could more easily track and monitor transactions, making it harder for criminals to use the financial system for illicit activities. The Challenges of CBDCs Despite their potential benefits, CBDCs also come with several challenges and risks that must be addressed: Privacy Concerns One of the primary concerns surrounding CBDCs is the potential loss of privacy. Unlike cash, which is anonymous, CBDC transactions could be monitored by governments and central banks. This raises concerns about surveillance and the potential for misuse of personal financial data. Cybersecurity Risks As digital assets, CBDCs are susceptible to cyberattacks and fraud. Ensuring the security of CBDC systems will be critical to their success. Any breach or hack could undermine public trust in the system and potentially lead to financial instability. Impact on Traditional Banks The introduction of CBDCs could disrupt the traditional banking system. If consumers and businesses shift their deposits from commercial banks to digital wallets, it could affect the ability of banks to lend and create credit, potentially leading to liquidity issues. Implementation Costs Developing and implementing CBDCs involves significant costs, including investments in technology, infrastructure, and regulatory frameworks. Governments and central banks will need to ensure that the benefits outweigh the costs and that the system is accessible and user-friendly for everyone. The Global Race to Launch CBDCs If you wonder, has any country launched a CBDC yet? The answer is yes—several countries have already introduced Central Bank Digital Currencies (CBDCs). As of early 2025, the following nations have rolled out their own digital currencies: The Bahamas: Launched the "Sand Dollar" in October 2020, becoming the first country to issue a CBDC. Jamaica: Introduced the "Jam-Dex" in July 2022, recognizing it as legal tender. Nigeria: Launched the "e-Naira" in October 2021, aiming to enhance financial inclusion and payment efficiency. China: Developed the digital yuan, also known as the digital renminbi (e-CNY), with extensive pilot programs and trials across various cities.India: Initiated the "Digital Rupee" pilot project in November 2022, with plans for broader implementation. Russia: Launched the "Digital Ruble" pilot program, aiming to modernize the payment system. Brazil: Developed the "Drex," with testing phases initiated in March 2023. Eastern Caribbean Currency Union (ECCU): Introduced "DCash" in March 2021, serving multiple island nations. Sweden: Launched the "e-krona" pilot project to explore digital currency options. South Korea: Initiated the "Digital Won" pilot program to assess the feasibility of a digital currency. United Arab Emirates: Developed the "Digital Dirham" as part of a broader CBDC strategy. CBDCs vs. Cryptocurrencies Central Bank Digital Currencies (CBDCs) and cryptocurrencies are both exciting developments in the world of digital money, but they each come with their own unique flavor. CBDCs are like a digital version of the cash you already know and use, but with a twist—these are issued and controlled by a country's central bank. This means they’re officially recognized as legal tender and are backed by the government, making them stable and secure. Countries like China and the Bahamas have already launched their own CBDCs, with more countries jumping on board, eager to modernize their financial systems and make payments faster and more inclusive. Cryptocurrencies, on the other hand, are the rebels of the digital currency world. With names like Bitcoin and Ethereum, they run on decentralized networks, meaning there’s no government or central bank in charge. Instead, transactions are validated by a global network of computers using blockchain technology. While this gives cryptocurrencies a lot of freedom and privacy, it also comes with some wild price swings. One minute, the value could skyrocket, and the next, it could plummet. For some, the risk is worth the reward, but for others, it’s a bit too unpredictable. So, while CBDCs offer stability and government backing, cryptocurrencies offer freedom and the potential for big gains—or losses. Conclusion Central Bank Digital Currencies represent a significant evolution in the digitalization of money, offering potential benefits such as improved payment efficiency, financial inclusion, and enhanced monetary policy tools. However, they also present challenges related to privacy, cybersecurity, and financial stability. As countries continue to explore and develop CBDCs, careful consideration of these factors will be essential to ensure that the advantages are realized while mitigating potential risks. The future of money is digital, and CBDCs could play a central role in shaping that future. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Mt. Gox Moves $1B in Bitcoin, Raising Payout Speculation

Mt. Gox, the bankrupt cryptocurrency exchange, has made another large Bitcoin transfer, moving 11,501 BTC in its third major transaction this month. Blockchain analytics firm Arkham Intelligence reported that 893 BTC, worth approximately $78 million, was sent to a Mt. Gox cold wallet, while another 10,608 BTC, worth $929 million, was transferred to a different wallet. Earlier this month, Mt. Gox had already moved 12,000 BTC on March 6 and another 11,833 BTC on March 11. Some of these funds ended up on Bitstamp, a crypto exchange, raising speculation that more transfers may follow. Currently, Mt. Gox still holds about 35,000 BTC, valued at roughly $3.1 billion. Many believe these movements signal that long-awaited creditor payouts are approaching. Mt. Gox collapsed in 2014 after losing 850,000 BTC in a massive hack, leading to bankruptcy proceedings. While creditors can receive payments in Bitcoin, delays have persisted, with a new repayment deadline set for October 31, 2025. Source: Cointelegraph Futures Market Updates BTC and ETH futures showed contrasting trends in open interest, with BTC declining slightly (-0.25%) while ETH increased (+0.82%). Trading volume dropped significantly for both, with ETH futures seeing a sharper decline (-27.07%) compared to BTC (-11.29%). Liquidations were higher for BTC shorts ($18.29M) than longs ($14.52M), whereas ETH saw more long liquidations ($13.48M) than shorts ($10.75M). The long/short ratio for BTC was nearly balanced at 50.14%/49.86%, while ETH had a slight short bias at 49.84%/50.16%. Funding rates remained positive but relatively low, with BTC (0.0032%) higher than ETH (0.0024%). BTC Futures Updates Total BTC Open Interest: $56.47B (-0.25%) BTC Volume (24H): $76.76B (-11.29%) BTC Liquidations (24H): $14.52M (Long)/$18.29M (Short) Long/Short Ratio: 50.14%/49.86% Funding Rate: 0.0032% ETH Futures Updates Total ETH Open Interest: $21.56B (+0.82%) ETH Volume (24H): $27.40B (-27.07%) ETH Liquidations (24H): $13.48M (Long)/$10.75M (Short) Long/Short Ratio: 49.84%/50.16% Funding Rate: 0.0024% Top 3 OI Surges MAVIA: $14.26M (+175.50%) SWELL: $7.73M (+131.28%) MOVE: $142.50M (+114.60%)

Nillion (NIL): The Future of Secure and Private Data Processing

What is Nillion (NIL)? Nillion (NIL) is a decentralized, privacy-focused computation network designed to securely process sensitive data without exposing it. Unlike traditional cloud computing services that require data to be decrypted before computation, Nillion uses advanced privacy-enhancing technologies (PETs) to perform operations on encrypted data, keeping it confidential at all times. This concept, known as blind computation, allows users to process information without ever revealing it to anyone—not even the infrastructure operators. Nillion’s core mission is to become the backbone of secure AI, decentralized trading, private healthcare analytics, and other industries where data privacy is crucial. By distributing trust across a network rather than concentrating it in a single entity, Nillion eliminates the risks associated with centralized data storage and computation. Who Created Nillion (NIL)? Nillion was co-founded by a team of cryptographers, engineers, and blockchain experts committed to enhancing data security in Web3 and beyond. The company’s leadership includes Alex Page (CEO) and Miguel de Vega (Chief Scientist), alongside a team of specialists who have experience in blockchain security, AI, and cryptographic research. What VCs Back Nillion (NIL)? Nillion has raised tens of millions of USD from prominent blockchain projects such as Hack VC, Arbitrum, Worldcoin, Sei, etc. Additionally, Nillion has partnered with NEAR, Aptos, Arbitrum, Ritual, and others to strengthen its network and expand its real-world applications. How Nillion (NIL) Works There are three major components of the Nillion network: 1. Petnet – The Secure Computation Layer The Petnet is Nillion’s core network. It consists of nodes (computers in the network) that work together to store and process encrypted data. Unlike traditional cloud services, where one company controls the data, Nillion’s Petnet spreads data across multiple nodes, ensuring decentralization and privacy. Developers can choose their own level of security by selecting different Privacy-Enhancing Technologies (PETs), such as: ● Secure Multi-Party Computation (MPC) – Splits data into secret parts and processes them across multiple computers without ever revealing the full data. ● Homomorphic Encryption (HE) – Allows computations on encrypted data without decrypting it. ● Trusted Execution Environments (TEEs) – Special hardware environments that keep data safe while processing it. These technologies allow companies to store and analyze data without putting user privacy at risk. 2. nilChain – The Blockchain for Coordination The nilChain is Nillion’s blockchain layer. It is not a smart contract platform but instead helps coordinate network activity. It does this by: ● Managing payments for data storage and computation services using the NIL token. ● Ensuring security through a Delegated Proof of Stake (DPoS) system, where users stake tokens to vote on network decisions. ● Coordinating node clusters, which are groups of computers that work together to process secure data. Since Nillion does not have a global shared state like traditional blockchains, it is much faster and more scalable. 3. Blind Modules – The Building Blocks of Secure Computation At the heart of Nillion’s technology are Blind Modules. These are special software packages that bring Privacy-Enhancing Technologies (PETs) to developers. Nillion offers three main Blind Modules: a) nilDB – Secure Storage and Data Processing nilDB is Nillion’s encrypted database. It allows users to store, query, and analyze data securely. Unlike traditional databases, where data is stored in a readable format, nilDB encrypts data before storing it and keeps it private even during computations. Use Cases: ● Healthcare: Hospitals can securely analyze patient data without risking privacy. ● Finance: Banks can perform fraud detection without exposing customer information. b) nilAI – Private AI Computation nilAI is designed for secure AI training and inference. It allows AI models to process encrypted data, which is crucial for personalized AI applications. Use Cases: ● Private AI Assistants: Users can have AI assistants that learn about them without exposing personal data. ● Secure AI Training: Companies can train AI models using sensitive data without breaching privacy laws. c) nilVM – Decentralized Signing and Computation nilVM enables secure multi-party signing using cryptographic techniques. This is useful for identity verification, secure transactions, and DAO voting. Use Cases: ● Cryptographic Wallets: Users can securely sign transactions without exposing their private keys. ● DAO Governance: Organizations can conduct private, tamper-proof voting. NIL Goes Live on Bitget Nillion is changing the way we think about data privacy. By enabling Blind Computation, it allows companies, developers, and individuals to store and use data securely without revealing it. The NIL token powers the Nillion network. It has several important functions: Paying for Storage & Computation – Users pay NIL tokens to store data or perform computations on the network. Securing the Network – Nodes stake NIL tokens to participate in secure computations. Governance – NIL holders can vote on network policies and decisions. This incentive system ensures the network is secure, decentralized, and efficient. Nillion is crucial for the future of AI, finance, healthcare, and blockchain. As more companies and developers build on Nillion’s privacy-first infrastructure, we may see a future where our most sensitive data is finally protected, even while being used. The internet’s next evolution isn’t just about decentralization—it’s about privacy. And with Nillion, that future is here. How to Trade NIL on Bitget Spot Listing time: March 24, 2025 Step 1: Go to NILUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade NIL on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Bitcoin’s Price Movement In Q1 - 2025: From Record Highs to a Bearish Trend and Future Outlook

In the first quarter of 2025, Bitcoin has seen sharp declines from its all-time high of $109,225 in January 2025 to recent lows near $76,700 in March 2025. This price movement has been driven by multiple factors, including macroeconomic uncertainty, institutional activity, geopolitical tensions, and market sentiment. This article will break down Bitcoin’s recent price trends, explain the causes of its decline, and analyze what the future may hold based on historical patterns and expert insights. Bitcoin’s Price Movement Timeline in Q1 2025 Bitcoin began 2025 on a high note, hitting an all-time high of $109,225 on January 20. This surge was fueled by optimism surrounding the second term of U.S. President Donald Trump, who was seen as crypto-friendly. However, within weeks, Bitcoin’s price began to show weakness. January 2025: Bitcoin Hits an All-Time High ($109,225) Amid Market Optimism Bitcoin began 2025 on an extremely bullish note, fueled by growing interest from institutional investors, expectations of pro-crypto policies from the Trump administration, and continued ETF adoption. On January 20, 2025, Bitcoin reached its all-time high of $109,225, driven by excitement over Trump’s second-term inauguration. The market was optimistic about potential U.S. regulatory clarity, as Trump had made multiple statements in support of crypto. Also, institutional investors like MicroStrategy, sovereign wealth funds, and hedge funds continued to accumulate Bitcoin, believing it to be a long-term store of value. However, Bitcoin’s rally was short-lived, as traders began taking profits and macroeconomic concerns started to weigh on risk assets. Early February 2025: The First Signs of Weakness – Bitcoin Drops to $92,500 By early February, Bitcoin faced its first major pullback as profit-taking kicked in. On February 5, 2025, Bitcoin briefly dropped to $92,500, marking a 15% decline from its peak. This decline was triggered by a mix of profit-taking from early investors and fears over U.S. trade policies, with Trump threatening new tariffs on various countries. Despite this dip, Bitcoin rebounded to $101,000, giving investors hope that the bull market was still intact. Late February 2025: Bitcoin Enters a Technical Bear Market ($86,000) The optimism was short-lived, as a series of market events pushed Bitcoin into bear market territory. On February 25, 2025, Bitcoin’s price plunged below $86,000, marking a 20% drop from its peak and officially entering a technical bear market. This drop was largely driven by mass liquidations in the crypto market, totaling $1.6 billion in 24 hours. Market sentiment turned extremely bearish, with investors moving away from risky assets due to fears of a global economic slowdown. Analysts at Cointelegraph and QCP Capital noted that institutional demand was starting to slow, raising concerns about Bitcoin’s long-term trajectory. End of February 2025: The CEX Hack Adds to Bitcoin’s Troubles ($83,500) Just when it seemed like the market was stabilizing, another major shock hit the crypto industry. On February 28, 2025, hackers stole $1.4 billion from one of the major CEXs. The incident shook investor confidence, leading to another wave of selling. Bitcoin’s price dropped to $83,500, with panic selling spreading across the market. Analysts warned that if the market couldn’t absorb the selling pressure from the hacked funds, Bitcoin could see further downside. March 2, 2025: A Temporary Rally as Trump Announces a U.S. Crypto Reserve ($93,000) On March 2, 2025, Bitcoin briefly surged to $93,000 following an announcement from President Trump regarding a potential U.S. crypto reserve. Trump hinted that the government would create a strategic reserve for Bitcoin and other digital assets, leading to a wave of buying. Some investors saw this as a major bullish catalyst, believing that government Bitcoin accumulation would push prices higher. However, analysts quickly warned that this rally might be short-lived, as details about the reserve were unclear. Their warnings proved correct, as the rally quickly faded, and Bitcoin resumed its downward trajectory. March 3-6, 2025: The Market Struggles to Hold $90,000 After the brief excitement over Trump’s crypto reserve announcement, Bitcoin struggled to maintain momentum. Over the first week of March, Bitcoin hovered around $88,000-$90,000, but failed to break past key resistance levels. Market uncertainty increased, with investors worried about U.S. trade conflicts, inflation, and Federal Reserve policies. ETF inflows declined significantly, with $1.1 billion in outflows from Bitcoin spot ETFs, signaling that institutional investors were reducing their exposure. March 7, 2025: The U.S. Crypto Reserve Announcement Disappoints Investors ($84,000) On March 7, 2025, Trump officially signed an executive order to create a Strategic Bitcoin Reserve. However, the details disappointed the market. Specifically, the reserve would not involve government Bitcoin purchases but instead consist of Bitcoin seized from criminal activities. This was far from the bullish catalyst investors had hoped for. As a result, Bitcoin’s price dropped 6% to $84,000, as traders sold the news. March 10-11, 2025: Bitcoin Plummets Below $80,000, Testing $76,700 By March 10, Bitcoin’s price collapsed further, breaking below key support levels. Bitcoin hit a four-month low of $79,170, as selling pressure intensified. By March 11, Bitcoin touched $76,700, marking its lowest level since November 2024. Analysts predicted that Bitcoin could retest support at $70,000, depending on institutional activity and macroeconomic conditions. March 12, 2025: A Conflict Suspension Arrangement Sparks Temporary Recovery ($83,000) On March 12, 2025, a breakthrough in conflict suspension agreement in a high-tension zone sent global markets into positive territory, helping Bitcoin recover to $83,000. Investors briefly turned optimistic, hoping that reduced geopolitical tensions would stabilize financial markets. However, analysts warned that this was not a sign of a full recovery, as major risks remained. For instance, retaliatory tariffs, U.S. trade conflicts, and inflation concerns continued to threaten Bitcoin’s stability. Some experts believe that Bitcoin could still correct to $75,000 if global trade tensions escalate further. The downward trend has left traders wondering: Is Bitcoin’s bull market over, or is this just a temporary correction? Factors Contributing to Bitcoin’s Price Decline Several key factors have contributed to Bitcoin’s sharp drop in 2025, ranging from macroeconomic events to regulatory pressures and investor sentiment shifts. While some declines were triggered by specific events, others were caused by broader financial trends. This section provides a detailed breakdown of the most important factors that have driven Bitcoin’s price downward in recent months. 1. U.S. Federal Reserve Policies One of the biggest influences on Bitcoin’s price in early 2025 has been the U.S. Federal Reserve’s monetary policy. The Federal Reserve’s decisions on interest rates significantly impact risk assets like Bitcoin. When interest rates are low, investors seek higher-yielding assets, such as stocks and cryptocurrencies. However, when rates are high—or expected to remain high—investors shift toward safer investments like U.S. Treasury bonds and gold. Many analysts and traders expected the Fed to cut interest rates in early 2025, which could have provided a boost for Bitcoin’s price. However, due to ongoing inflation concerns and economic uncertainty, the Federal Reserve announced in February 2025 that it would hold off on rate cuts for the foreseeable future. Following the Fed’s announcement, traditional financial markets experienced a pullback, with the S&P 500 and Nasdaq both declining. As a result, Bitcoin and other cryptocurrencies followed suit, as investors rotated their funds out of speculative assets. 2. Global Trade Tensions and U.S. Tariffs Bitcoin’s decline has been closely linked to trade tensions initiated by the Trump administration. In February 2025, the U.S. imposed new tariffs on imports from various countries, sparking fears of a global trade war. Markets responded negatively, as investors became concerned about economic instability. Bitcoin, often considered a risk-on asset, tends to perform poorly in times of economic uncertainty. As tensions between the U.S. and its trading partners escalated, investors moved their money away from volatile assets like Bitcoin to safer assets. Investors, uncertain about the economic landscape, have sold off Bitcoin along with stocks, contributing to the price decline. Adding to this uncertainty, by March 2025, there were threats of retaliatory tariffs against the U.S. This led analysts to predict that Bitcoin could correct to $75,000, as continued trade conflicts could keep market sentiment weak. 3. Institutional Profit-Taking and Liquidations After Bitcoin hit its record high of $109,225 in January, many institutional investors locked in profits. This led to increased selling pressure, causing Bitcoin’s price to decline. The initial sell-off led to a chain reaction of liquidations in the derivatives market. On February 25, 2025, over $1.6 billion worth of leveraged positions were liquidated within 24 hours. When large liquidations occur, traders using leverage are forced to sell their Bitcoin, further driving down the price. 4. ETF Outflows and Institutional Demand Slowdown The approval of Bitcoin spot ETFs in late 2024 was a key catalyst for Bitcoin’s surge to $109,000. However, by February 2025, the trend reversed, with institutional investors withdrawing their funds. Bitcoin ETFs saw net outflows of $516 million on February 24 alone, a sign that institutional investors were pulling back. Over the next six consecutive days, ETFs recorded withdrawals totaling $2.1 billion. While Bitcoin had benefited from ETF inflows earlier, the reversal in sentiment led to a significant price drop. 5. Regulatory Uncertainty Regulatory developments continue to weigh on Bitcoin’s price. While the Trump administration has taken a more crypto-friendly stance, legal uncertainties remain. At first, many believed that Trump’s pro-crypto stance would boost Bitcoin prices, but his administration’s actual policies have been mixed. The U.S. government’s announcement of a Strategic Bitcoin Reserve initially sparked optimism but later disappointed investors when it clarified that no new Bitcoin would be purchased, rather the Reserve would include only Bitcoin already confiscated from criminal cases. This led to a 6% price drop on March 7, as traders had expected stronger government support. 6. Market Sentiment and the Fear & Greed Index Investor psychology plays a massive role in Bitcoin’s volatility. The Crypto Fear & Greed Index, which measures market sentiment, dropped into the “Extreme Fear” zone after Bitcoin fell below $80,000. Historically, extreme fear often signals buying opportunities, but it also indicates uncertainty and caution among investors. 7. The CEX Hack and Security Concerns On February 28, 2025, hackers stole $1.4 billion from the world’s second-largest crypto exchanges. This event shook investor confidence, raising concerns about the security of crypto assets. Bitcoin’s price fell below $80,000 as panic selling increased. As hackers liquidated stolen Bitcoin, further selling pressure was added. Security concerns have always been a challenge for Bitcoin, and major exchange hacks often trigger short-term market downturns. Is Bitcoin Poised for a Rebound? Despite the recent downturn, Bitcoin has shown resilience in past market cycles. Many analysts believe that Bitcoin remains in a long-term bull market, with corrections serving as healthy pullbacks before further gains. Here are some factors that could drive Bitcoin’s recovery: 1. Bitcoin’s Strong Historical Recovery Patterns Bitcoin has rebounded 157% in 2023 and 119% in 2024, showing its ability to recover after downturns. Previous cycles suggest that Bitcoin experiences sharp pullbacks before reaching new all-time highs. If the $70,000-$75,000 range holds as support, Bitcoin could start climbing back toward $100,000+ later in 2025. Bitcoin has a history of boom-and-bust cycles, typically following a pattern of sharp corrections before continuing its long-term upward trajectory. If history repeats itself, Bitcoin could regain momentum in the next 12 to 24 months. 2. Institutional Accumulation Many institutions, including MicroStrategy and sovereign wealth funds, have continued to acquire Bitcoin. Institutional investors looking for long-term value may view Bitcoin’s current price as a buying opportunity, which could stabilize the market and push prices higher. Moreover, the percentage of long-term Bitcoin holders remains high, indicating strong conviction in its future value. Historically, when long-term holders stop selling, Bitcoin tends to rebound within months. 3. The U.S. Crypto Reserve and Potential Policy Shifts If the U.S. government takes further steps toward officially recognizing Bitcoin as part of its financial strategy, it could drive new institutional adoption. Even though the initial reserve announcement fell short of expectations, future developments could reignite investor optimism. 4. Growing Mainstream and Government Adoption The U.S. Strategic Bitcoin Reserve, despite its disappointing start, could pave the way for larger government Bitcoin purchases in the future as more U.S. states and global institutions are considering adding Bitcoin to their reserves. If government adoption increases, Bitcoin’s market cap could rise by $460 billion, according to Sygnum Bank. 5. Federal Reserve Rate Cuts While the Fed has paused interest rate cuts for now, any future signs of easing monetary policy could make Bitcoin more attractive as an inflation hedge. Lower rates tend to increase liquidity in financial markets, benefiting riskier assets like Bitcoin. 6. Supply and Demand Dynamics With Bitcoin’s fixed supply of 21 million coins, long-term demand is expected to outpace supply. As more investors and institutions accumulate Bitcoin, scarcity could drive prices higher. The Road Ahead: Caution and Opportunity Bitcoin’s current market behavior suggests both risks and opportunities for investors. Bitcoin’s recent decline is not unusual and follows historical market cycles. While short-term risks remain, many experts believe this is a temporary correction, not the end of Bitcoin’s bull market. Factors such as institutional adoption, macroeconomic shifts, and regulatory clarity will play crucial roles in determining Bitcoin’s next move. For now, traders and investors should stay informed, manage risk carefully, and watch for key signals—such as institutional accumulation, ETF flows, and macroeconomic developments—that could indicate the next big move in Bitcoin’s price. Will Bitcoin drop further, or is it gearing up for another rally? Only time will tell. But one thing remains certain—Bitcoin’s journey is far from over. Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Elixir Network (ELX): Revolutionizing Liquidity in DeFi

What is Elixir Network (ELX)? Elixir Network (ELX) is a modular decentralized network built to power high-speed and efficient trading across DeFi. It allows users to supply liquidity to order book-based exchanges without relying on centralized market makers. This means that regular users, not just big financial institutions, can provide liquidity and earn rewards while keeping the system decentralized. One of Elixir’s key innovations is deUSD, a fully collateralized, yield-bearing synthetic dollar. deUSD allows traditional financial institutions to access DeFi without changing their original asset exposure. Backed by stETH and MakerDAO’s USDS T-Bill protocol, deUSD provides a secure and efficient way to bring institutional capital into DeFi. Who Created Elixir Network (ELX)? Elixir Network was founded by two experienced crypto professionals: ● Philip Forte – Founder and CEO of Elixir. He previously worked as a partner at BlockVenture Coalition and studied at Carnegie Mellon University - Tepper School of Business. ● Christopher Gilbert – Co-Founder and CTO of Elixir. He was formerly a Lead Engineer at Tokensoft Inc and studied at the University of Maine. What VCs Back Elixir Network (ELX)? Elixir is backed by some of the biggest names in crypto venture capital, including Maelstrom, Mysten Labs, Hack VC, and many more. How Elixir Network (ELX) Works Elixir’s technology is designed to provide deep liquidity while remaining decentralized. It uses a modular system that includes several key components: 1. Validator Network (DPoS - Delegated Proof of Stake) Elixir’s validator network secures the system and ensures that liquidity providers are rewarded fairly. Validators operate under a delegated proof of stake (DPoS) model, where users can stake ELX tokens to support validators and earn rewards. Validators are responsible for approving liquidity transactions and ensuring fair market-making operations. They require 66% consensus to process transactions, ensuring security and efficiency. The ELX token is used for validator staking and governance, making it a critical part of the Elixir ecosystem. 2. deUSD: The Native Currency of Elixir Elixir’s deUSD is different from traditional stablecoins. Instead of being backed by a 1:1 reserve of U.S. dollars, deUSD is supported by: ● stETH, which is used in a delta-neutral trading strategy ● MakerDAO’s USDS T-Bill protocol This structure allows deUSD to generate yield, making it a more efficient form of collateral than traditional stablecoins. It also enables institutional investors to enter DeFi without changing their existing asset exposure. 3. Retail Liquidity Provision One of Elixir’s biggest innovations is allowing regular users to supply liquidity to order book-based DEXs. This was previously only possible through centralized market makers. Now, anyone can contribute liquidity and earn rewards while helping DEXs improve their trading experience. 4. Exchange Integrations Elixir is already integrated with some of the top DeFi platforms, including: ● Vertex Fusion – Uses Elixir to provide trustless, delta-neutral liquidity on order books. ● Orderly Quantum – Lets retail users supply liquidity to trading pairs using Elixir. ● dYdX – Will integrate Elixir to allow permissionless market creation, meaning anyone can list and trade new assets. These integrations make Elixir an essential part of DeFi’s future, as it helps exchanges bootstrap liquidity without relying on centralized institutions. ELX Goes Live on Bitget Elixir Network is revolutionizing liquidity in DeFi by making market-making more decentralized, accessible, and efficient. By integrating institutional capital, empowering retail liquidity providers, and using innovative technologies like deUSD, Elixir is solving some of the biggest problems in the crypto industry. How to Trade ELX on Bitget Spot Listing time: 7 March 2025, 10:00 (UTC) Step 1: Go to ELXUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade ELX on Bitget now! ELX on Bitget Launchpool - Lock BGB and DEUSD to share 3,833,000 ELX There's more! ELX will be a part of Bitget Launchpool, a platform for users to lock and get free tokens. Join now to get the best out of it! Locking period: 7 March 2025, 10:00 – 10 March 2025, 10:00 (UTC) Details: Total ELX Campaign Pool: 3,833,000 ELX BGB Campaign Pool: 3,549,700 ELX DEUSD Campaign Pool: 283,300 ELX For more specific information on how to get ELX tokens on Bitget Launchpool, check out the announcement here. Lock now! ELX on Bitget CandyBomb – Trade to share 140,000 ELX Promotion period: 7 March 2025, 10:00 –14 March 2025, 10:00 (UTC) For more specific information, check out the announcement here. CandyBomb Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

Today's TapSwap Daily Cinema Codes for December 6, 2024

Welcome to today’s edition of TapSwap Daily Cinema Codes for December 6, 2024! This exclusive update brings you the latest cinema codes for TapSwap, offering a chance to unlock exciting rewards and in-game benefits. Stay tuned as we reveal today's codes and help you make the most of your TapSwap experience. Don't miss out on these valuable opportunities to enhance your gameplay! Sign Up With Bitget Today and Be Ready To Trade the TAPS Token! Key Takeaways Daily Cinema Codes for December 6, 2024 are “Z8#Wq”, “bs68” and more. The listing date for the TapSwap token, TAPS, has been delayed multiple times with no official confirmation yet. Bitget is offering a promotion from December 23, 2024, to January 2, 2025, where users can earn a share of $500,000 in BTC by completing tasks with credit/debit cards or bank deposits. TapSwap Daily Cinema Codes for December 6, 2024 Future Of Staking & Web3 | Part 1 - Code: Z8#Wq Extra Income Building Connections - Code: bs68 Broke Into Tech - Code: patr Boost Your TON | Part 2 - Code: ?P&43 Leadership Skills - Code: cell Staking. Deep Dive | Part 5 - Code: JiO0% Turn Reposts into Revenue - Code: o7ry TikTok Niche Hack - Code: b8st Being Your Own Boss - Code: 5eer Be Smarter, Faster - Code: qpon From Garbage to Gold - Code: alte Future of Staking & Web3 | Part 2 - Code: 1%CDe When Will TapSwap List TAPS? TapSwap, the popular blockchain-based game, is preparing to list its native token, TAPS, on cryptocurrency exchanges. Despite initial announcements and speculations about the token's listing date, the TapSwap team has delayed these timelines multiple times, leaving the community eagerly awaiting an official confirmation. The most recent updates indicated possible listing dates on the Bitget exchange, first announced for November 24, then revised to November 30, but neither of these dates has been officially confirmed. The community is advised to stay updated through official channels for further announcements regarding the token's launch and airdrop. As the TapSwap community eagerly awaits the launch of the TAPS token, there’s another exciting opportunity for crypto enthusiasts to seize in 2025. Starting December 23, Bitget is offering BTC incentives through a promotion that rewards users for completing transactions via credit/debit card or bank deposit, making it the perfect time to kickstart the new year with significant crypto gains. New Year, New Rewards: How to Claim BTC Incentives with Bitget Bitget is launching an exciting promotion to help users kickstart 2025 with BTC incentives. From December 23, 2024, to January 2, 2025, participants can earn a share of $500,000 in BTC by completing tasks through credit/debit card transactions or bank deposits. To take part, users must register via the "Join" button, complete identity verification, and make eligible transactions using methods such as Visa, Mastercard, Google Pay, Apple Pay, or bank deposits. The promotion is available to both new and existing Bitget users, with rewards distributed on a first-come, first-served basis. Users who qualify will receive their BTC share within 15 days after the promotion ends. Bitget reserves the right to amend or cancel the promotion at any time and will disqualify users involved in activities such as wash trading or self-dealing. This is a great opportunity to boost your BTC holdings as you enter 2025. Sign Up With Bitget Today and Claim Your $200 Welcome Gift!

Movement (MOVE): Building a Decentralized Future for the Move Programming Language

What is Movement (MOVE)? Movement (MOVE) is a community-first blockchain that offers exceptionally high transaction throughput, near-instant finality, and modular customizations for specific use cases. These features make the network an attractive option for developers looking to build scalable, secure, and efficient blockchain applications. At the heart of Movement's vision is the belief that the Move programming language should not be confined to a single network, such as Aptos or Sui, but instead serve as a flexible, universal language across a decentralized ecosystem. Movement is designed to be an open-source initiative to grow Move's adoption and make it accessible to developers worldwide. Who Created Movement (MOVE)? Movement was created by Movement Labs, a Web3 company by Cooper Scanlon and Rushi Manche. Movement Labs was founded to address the limitations of monolithic Layer 1 blockchains, where progress often depends on the decisions of centralized entities. The team at Movement Labs envisions a decentralized world where Move-based solutions can be implemented freely across modular blockchain ecosystems. Their goal is simple yet transformative: to give developers the tools they need to experiment with and expand the Move programming language across diverse environments. This approach empowers builders to create efficient, secure, and innovative blockchain applications without being tied to any one network. What VCs Back Movement (MOVE)? Movement Labs has captured the attention of top-tier investors, raising significant funding from some of the most respected venture capital firms in the blockchain space. These include Polychain Capital, Binance Labs, Hack VC, Placeholder, OKX Ventures, Archetype, and more. How Movement (MOVE) Works Movement Network is a blockchain optimized for high transaction throughput (TPS), instant finality, and modular customizations. It provides developers with access to shared liquidity and interoperability from day one, enabling seamless cross-chain transactions. 1. Main Components This network is powered by cutting-edge components like the Move Executor, the Fast Finality Settlement Module, and the Decentralized Shared Sequencer. ● Move Executor: This tool allows the Movement Network to support both MoveVM and EVM bytecode, offering compatibility with existing Ethereum applications while leveraging Move's advantages. ● Fast Finality Settlement Module: This module ensures quick and secure transaction finality, combining staking-based economic security with low latency. ● Decentralized Shared Sequencer: This mechanism ensures fair and efficient transaction ordering while enabling cross-chain interoperability and atomic swaps. 2. Transaction Lifecycle The transaction lifecycle within the Movement Network is designed for efficiency and security: ● Submission: Transactions are submitted to the mempool. ● Sequencing: The decentralized sequencer orders transactions into batches. ● Data Availability: Transaction data is published to a data availability service like Celestia. ● Execution: The Move Executor processes the transactions, generating new blocks. ● Settlement: The new state is finalized on Layer 1 (L1) using the Fast Finality Settlement Module. This streamlined process ensures that transactions are processed quickly and securely while maintaining decentralization. 3. Interoperability and Multi-Asset Staking Movement prioritizes interoperability and economic security through features like: ● Shared Decentralized Sequencer: Enhances cross-chain functionality, allowing seamless asset transfers and pooled liquidity. ● Multi-Asset Staking: Users can stake both native and non-native tokens to secure the network, promoting decentralization and flexibility. 4. Move Stack and Move Arena Move Stack is a set of tools and components for building Move-based blockchains. This includes: ● Sequencing Services: Developers can choose between decentralized shared sequencing or self-managed options. ● Data Availability: Supports various solutions, including Celestia, Ethereum EIP-4844 blobs, and others. ● Settlement Mechanisms: Offers options for optimistic, ZK-rollups, and staking-based settlement. The Move Arena, another core product, is a framework for deploying and connecting Move-based blockchains. It supports application-specific chains tailored to use cases like DeFi, gaming, and supply chain management, ensuring fast-finality and shared liquidity. MOVE Goes Live on Bitget Movement stands out for its safety and efficiency. It emphasizes resource ownership and type safety, simplifying the development of secure smart contracts for tasks like asset transfers, minting, and destruction. By making Move accessible across modular blockchain ecosystems, Movement Labs is paving the way for a more decentralized, efficient, and secure digital future. Whether you're a developer, investor, or blockchain enthusiast, Movement Labs is a project worth watching. The best way to join the Movement is by trading MOVE on Bitget now! MOVE on Bitget Pre-Market MOVE is a part of Bitget Pre-Market, a platform where users can trade tokens over-the-counter before the token is listed for spot trading. Join now to get the best out of it! Start time: 5 December, 2024 Bitget Pre-Market offers flexibility in trading activities with two settlement options: ● Coin settlement, which uses a 'cash on delivery' method where a security deposit is forfeited if the seller fails to deliver. ● USDT settlement, a new option where trades are settled in USDT at the average index price at the last minute. To use Bitget Pre-Market, follow these simple steps: ● Step 1: Go to the Bitget Pre-Market page. ● Step 2: ○ For Makers: ■ Choose the desired token and click on ‘Post Order’. ■ Specify Buy or Sell, enter price and quantity, review details, then confirm. ○ For Takers: ■ Choose the desired token, pick ‘Sell’ or ‘Buy’, select the pending order, enter quantity, and confirm. Get MOVE on Bitget Pre-Market now ! How to Trade MOVE on Bitget Spot Listing time: December 9, 2024 Step 1: Go to MOVEUSDT spot trading page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade MOVE on Bitget spot now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.

EigenLayer (EIGEN): Layering Up With The Eigenmagick

What is EigenLayer (EIGEN)? EigenLayer is an innovative protocol described as 'recursively composable', which enhances blockchain networks by recycling the security of a base layer such as Ethereum. This method allows for improved computation and greater scalability by leveraging the established security of the underlying blockchain, which ensures that enhanced functionality doesn't compromise security, thus maintaining trust and reliability. The name 'Eigen', derived from the German word for 'own' or 'intrinsic', reflects its function of adding unique, yet integral functionalities to the base layer. Who Created EigenLayer (EIGEN)? EigenLayer was created by Eigen Labs, an engineering and research-focused organization dedicated to driving innovation within the Ethereum ecosystem. The company was founded by Sreeram Kannan, who previously worked as a professor at the University of Washington and led the UW Blockchain Lab. Along with Kannan, many of the initial team members also came from the same lab, contributing to the early development of EigenLayer. What VCs Back EigenLayer (EIGEN)? Several well-known venture capital firms have invested in EigenLayer, including a16z Crypto, Polychain Capital, Blockchain Capital, and Electric Capital. Other notable investors include Coinbase Ventures, Ethereal Ventures, Hack VC, and Breyer Capital. A diverse group of investors, including Delphi Digital, Galaxy Digital, and ConsenSys, has also supported the project. How EigenLayer (EIGEN) Works This protocol enables users to stake tokens on the primary blockchain, which in turn, allows the EigenLayer to operate more efficiently and scale effectively. Unlike traditional methods that layer additional blockchains on top of an existing one, EigenLayer recycles the security attributes of the base blockchain, thereby maintaining robust security while adding new functionalities. This approach avoids the creation of separate, isolated blockchains, instead promoting a system where multiple layers, each tailored for specific functions, can coexist and operate recursively. This not only preserves but also optimises the use of resources across the blockchain network, ensuring that the scalability and functionality enhancements do not compromise the security or decentralisation of the underlying blockchain. The Eigen token plays a critical role in the functionality of the EigenLayer. It is utilised primarily for staking, which is the process of locking tokens in a blockchain protocol to support network operations, such as transaction validation or smart contract execution. Stakers are incentivised through rewards derived from the operations carried out on the EigenLayer, thus aligning the interests of token holders with the overall health and efficiency of the network. Furthermore, the Eigen token is pivotal for governance within the EigenLayer ecosystem. Token holders have the opportunity to participate in decision-making processes regarding updates and changes to the protocol. This democratic approach ensures that the development and evolution of EigenLayer reflect the collective preference of its user base, fostering a community-centric model of governance. EIGEN Goes Live on Bitget Looking ahead, EigenLayer could revolutionise sectors like finance, healthcare, and logistics, where scalability limits blockchain applications. Its capacity to support multiple specialised layers opens up prospects for advancements in data privacy, secure communications, and decentralised autonomous organisations (DAOs). There’s no better way to trade EIGEN and join EigenLayer than to do so on Bitget. EIGEN on Bitget Bitget CandyBomb EIGEN will come to Bitget CandyBomb, the first-of-its-kind tasks-and-airdrop platform by Bitget! Starting from the opening of trading (lasting 7 days), you can grab tickets to share 20,000 EIGEN simply by completing the given tasks! All you have to do is to go Bitget CandyBomb, click on the [Register] button below the corresponding event and complete any tasks you prefer. Complete Tasks to Get EIGEN now! How to Trade EIGEN on Bitget Listing time: As soon as the liquidity meets the listing requirements on 1 Oct. (UTC) Step 1: Go to EIGEN/USDT page Step 2: Enter the amount and the type of order, then click Buy/Sell Trade EIGEN on Bitget now! Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.